NIO Inc. Provides January 2020 Delivery Update
February 10 2020 - 5:00AM
NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s
premium electric vehicle market, today provided its January 2020
delivery results.NIO delivered 1,598 vehicles in January 2020,
11.5% lower than the same month last year. This decrease was
primarily due to the reduction in business days in January due to
the comparatively earlier Chinese New Year holiday in 2020. The
extended holiday due to the unfortunate outbreak of the novel
coronavirus first identified in Wuhan, China also affected our
sales results. January 2020 deliveries consisted of 1,493 ES6s, the
Company’s 5-seater high-performance premium electric SUV, and 105
ES8s, the Company’s 7-seater high-performance premium electric SUV
and its 6-seater variant. Total aggregate deliveries of the ES6 and
the ES8 reached 33,511 vehicles.“We achieved satisfactory results
in January despite the outbreak of novel coronavirus,”
said William Bin Li, founder, chairman and chief executive
officer of NIO. “During this period, the safety of our
employees and users remains our top priority. I would like to thank
our users and employees for their great support for the impacted
society. Additionally, the NIO User Trust has decided to donate
RMB5 million to support the well-being of NIO users and others in
need during the epidemic, demonstrating love and care for our user
community and the general public.“Meanwhile, our teams strive to
keep certain operations running during the extended Chinese New
Year holiday, including necessary services and sales and marketing
efforts through various forms of online sales channels such as our
NIO App and other online live streaming platforms,” concluded
Mr. Li. Steven Feng, chief financial officer of NIO, added,
“Looking ahead to February, we expect a reduction in vehicle
production and deliveries, compared to the months of peak sales
last year, as the Chinese government postponed the return to work
from Chinese New Year holiday for most businesses across the
country in an effort to fight the outbreak. We will keep monitoring
the situation and continue being part of the joint efforts from the
government and all parties in China and across the world against
the outbreak.”
About NIO Inc.
NIO Inc. is a pioneer in China’s premium
electric vehicle market. Founded in November 2014, NIO’s
mission is to shape a joyful lifestyle by offering premium smart
electric vehicles and being the best user enterprise. NIO designs,
jointly manufactures, and sells smart and connected premium
electric vehicles, driving innovations in next generation
technologies in connectivity, autonomous driving and artificial
intelligence. Redefining the user experience, NIO provides users
with comprehensive, convenient and innovative charging solutions
and other user-centric services. NIO began deliveries of the ES8, a
7-seater high-performance premium electric SUV
in China in June 2018, and its variant, the 6-seater
ES8, in March 2019. NIO officially launched the ES6, a
5-seater high-performance premium electric SUV, in December
2018 and began the first deliveries of the ES6 in June
2019. NIO officially launched the EC6, a 5-seater smart premium
electric coupe SUV, in December 2019 and plans to commence
deliveries in 2020.Safe Harbor Statement
This press release contains statements that may
constitute “forward-looking” statements pursuant to the “safe
harbor” provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “aims,”
“future,” “intends,” “plans,” “believes,” “estimates,” “likely to”
and similar statements. Among other things, quotations from
management in this announcement, as well as NIO’s strategic and
operational plans, contain forward-looking statements. NIO may also
make written or oral forward-looking statements in its periodic
reports to the U.S. Securities and Exchange
Commission (the “SEC”), in its annual report to shareholders,
in press releases and other written materials and in oral
statements made by its officers, directors or employees to third
parties. Statements that are not historical facts, including
statements about NIO’s beliefs, plans and expectations, are
forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement, including but not limited to the
following: NIO’s strategies; NIO’s future business development,
financial condition and results of operations; NIO’s ability to
develop and manufacture a car of sufficient quality and appeal to
customers on schedule and on a large scale; its ability to grow
manufacturing in collaboration with partners; its ability to
provide convenient charging solutions to its customers; its ability
to satisfy the mandated safety standards relating to motor
vehicles; its ability to secure supply of raw materials or other
components used in its vehicles; its ability to secure sufficient
reservations and sales of the ES8 and ES6; its ability to control
costs associated with its operations; its ability to build the NIO
brand; general economic and business conditions globally and
in China and assumptions underlying or related to any of
the foregoing. Further information regarding these and other risks
is included in NIO’s filings with the SEC. All information
provided in this press release is as of the date of this press
release, and NIO does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.For more information, please visit: http://ir.nio.comFor
investor and media inquiries, please contact: NIO
Inc. Investor Relations Tel: +86-21-6908-3681
Email: ir@nio.comThe Piacente Group, Inc.
Brandi Piacente Tel: +1-212-481-2050 Email: nio@tpg-ir.comRoss
Warner Tel: +86-10-6508-0677 Email: nio@tpg-ir.comSource:
NIO
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